Author Topic: looking for online trading account with low minimum initial transfer  (Read 1293 times)

Offline Entrepreneur

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Looking for something around $500 or less to transfer and start trading with

Thanks

Offline meh

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Re: looking for online trading account with low minimum initial transfer
« Reply #1 on: February 07, 2013, 04:38:28 PM »
Do you have any preferred trading instrument?

Right now TD ameritrade is running a promo that gives you commission fee trades for 60 days. They generally don't have any minimums on their accounts if you are trading equities.

Offline yuneeq

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Re: looking for online trading account with low minimum initial transfer
« Reply #2 on: February 07, 2013, 04:40:40 PM »
I recommend tradeking.
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Offline Entrepreneur

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Re: looking for online trading account with low minimum initial transfer
« Reply #3 on: February 08, 2013, 12:29:39 AM »
Do you have any preferred trading instrument?

Right now TD ameritrade is running a promo that gives you commission fee trades for 60 days. They generally don't have any minimums on their accounts if you are trading equities.
They require a $2,000 minimum when opening the account

Offline meh

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Re: looking for online trading account with low minimum initial transfer
« Reply #4 on: February 08, 2013, 06:21:51 AM »
Sorry didn't check the promotion just the terms. You can still open an account with them technically but it's no longer worth it.

Can you give some more info about your trading habits? For example if you trade fundamentally and don't need charts or already have a charting service, base on the size of the account you might be best off paying for share on tradesation

 https://www.tradestation.com/pricing/stocks-and-etf-pricing

Also another thing to be aware of, with small account sizes a lof of brokers charge a monthly fee for low balance or not enough trades, make sure you ask them about it as a lot times they sneak it in fine print in terms of service. I think all of them that I have used including station have done so.

Offline Entrepreneur

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Re: looking for online trading account with low minimum initial transfer
« Reply #5 on: February 08, 2013, 10:59:40 AM »
Sorry didn't check the promotion just the terms. You can still open an account with them technically but it's no longer worth it.

Can you give some more info about your trading habits? For example if you trade fundamentally and don't need charts or already have a charting service, base on the size of the account you might be best off paying for share on tradesation

 https://www.tradestation.com/pricing/stocks-and-etf-pricing

Also another thing to be aware of, with small account sizes a lof of brokers charge a monthly fee for low balance or not enough trades, make sure you ask them about it as a lot times they sneak it in fine print in terms of service. I think all of them that I have used including station have done so.
Charts are nice but not needed.  I am not a heavy trader. "monthly fee for low balance or not enough trades" I would definitely want a service that doesn't do that if they even exist.

Thanks

Offline cks33

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Re: looking for online trading account with low minimum initial transfer
« Reply #6 on: February 08, 2013, 11:02:52 AM »
tradeking

Offline meh

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Re: looking for online trading account with low minimum initial transfer
« Reply #7 on: February 08, 2013, 11:05:47 AM »
Yup then tradeking seems like your best bet, just make sure there is no fine print when you open.

All this is assuming your looking to trade equities, if it's another instrument such as Forex it would be easier to find something.